StockWatch
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Hospital
Acquisitions12 Oct 2026, 04:01 pm

Fortis Subsidiary Acquires 26% Stake in Solar SPV for ₹1.85 Cr

AI Summary

Fortis Hospotel Limited, a wholly-owned subsidiary of Fortis Healthcare Limited, has agreed to acquire a 26% equity stake in Clean Max Sau Private Limited for a cash consideration of up to ₹1.85 Crore. The target entity, incorporated on June 2, 2026, is a Special Purpose Vehicle (SPV) established for developing, operating, and maintaining a captive solar power project in Haryana. This acquisition aims to meet the company's green energy requirements and optimize energy costs. The transaction is not a related party transaction and is expected to be completed within three months of the agreement's execution.

Key Highlights

  • Fortis subsidiary acquires 26% stake in solar SPV.
  • Investment of up to ₹1.85 Crore for captive solar power project.
  • Aims to meet green energy needs and optimize costs.
  • Acquisition expected to complete within three months.